Good MorningEquity markets posted a small gain on Tuesday as traders gear up for Thursday's Q4 GDP read and the PCE price index on Friday. The data is expected to continue the narrative of solid economic activity underpinned by rising prices. The question is how solid the activity is and how fast prices rise. If activity or inflation is hotter than expected, the market could start repricing the expectations for rate cuts. That could lead the S&P 500 below critical resistance.
As it is, the S&P 500 set another new closing high and looks set to continue the trend. The Q4 earnings reports are coming in as anticipated and point to acceleration through year-end. In this scenario, the S&P 500 could continue to rally through year-end and gain as many as 500 to 1,000 points, but there is a risk. The risk lies with the market leaders. Market leaders like Microsoft and NVIDIA are incredibly overbought and set up to correct. Featured: The Gold Story No One's Telling (Stansberry Research) 
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Markets | | | Financial technology (fintech) has transformed how we handle money. Investing in fintech is now more appealing than ever, thanks to cutting-edge payment solutions and revolutionary blockchain technology. Fintech companies are paving the way for a new era of financial services. As the industry con... Read the Full Story >> |
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From Our PartnersAccording to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold. | | | | See this little-known way to play in the rising gold market. |
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Markets | | | Every once in a cycle, the market experiences hysteria, whether on the upside or the downside. These are some of the best moments to pick a direction to expose your portfolio to potentially explosive moves toward a more "reasonable" price level. The S&P 500 and NASDAQ indices have ... Read the Full Story >> |
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Markets | | | World shares advanced Wednesday after China's central bank announced fresh measures to boost its slowing economy and stabilize financial markets. The announcement late Wednesday pushed Hong Kong's benchmark up 3.6%. Shares fell in Tokyo but rose in most other major markets. Oil prices advanced. In e... Read the Full Story >> |
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Markets | | | Shares of GE (NYSE: GE) are down about 1.5% in midday trading after the company reported earnings. The headline numbers on the top and bottom lines were a continuation of what investors have come to expect as GE becomes a simplified, and streamlined, company. The current quarter will likel... Read the Full Story >> |
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Markets | | | China's central bank said Wednesday it will cut amount of reserves it holds for banks as part of a slew of measures to support the slowing economy. The announcement by the governor of the People's Bank of China prompted a surge in share prices, with Hong Kong's benchmark jumping 3.6%. Chinese stock ... Read the Full Story >> |
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From Our PartnersThe dot-com crash… the housing bubble… the COVID crash… but we’ve still never seen anything like what’s coming for artificial intelligence in as little as three months. It’s called the Singularity – and it refers to the exact millisecond when AI breaks free from its shackles to grow BILLIONS of times more powerful than humans. | | | | Click here to learn how to prepare yourself for what's to come |
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Markets | | | Asian shares were mixed on Wednesday after Japan reported its exports jumped nearly 10% in December, though shares in Tokyo fell nearly 1%.Hong Kong advanced while Shanghai declined. U.S. futures were higher and oil prices edged lower. Japan's exports grew nearly 3% in 2023 while imports fell 7%, le... Read the Full Story >> |
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Markets | | | Meta Inc (NASDAQ: META) reports Thursday of next week in what will be one of the more closely watched reports of the year so far. The tech giant ended 2023 on a high, and its rally has, for the most part, continued into 2024, with shares up close to 10% on where they start... Read the Full Story >> |
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Markets | | | For a brief second on Monday, shares of Microsoft Corp (NASDAQ: MSFT) crossed the line and saw into the great beyond. We’re talking about the $400 mark, which Microsoft hit and briefly surpassed during yesterday’s session before retreating into the close. It’s a si... Read the Full Story >> |
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Markets | | | After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden's political fortunes Read the Full Story >> |
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Markets | | | Macy's is rejecting a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn't provide a viable financing plan.Arkhouse and Brigade offered $21 for each of the remaining shares in Macy's they don't already own. Shares of New York-based ... Read the Full Story >> |
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The Early Bird Stock Of The DayWednesday: Stock With Upcoming Ex-Dividend Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital expenditures and subordinated debt tranches of collateralized loan obligations, cash flow term loans, market place lending and bridge transactions. It also makes real estate investments particularly in multi-family residential real ... | | View Today's Stock Pick |
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